MS HB1557

Authorizes the City of Richland, Mississippi to acquire property in the North Richland Industrial and Commercial Park through purchase, donation, or by redeeming property struck off to the state for unpaid taxes

Allows the city to pay outstanding taxes, assessments, interest, fees, and costs on acquired properties to protect its interest and perfect title

Permits acquisition from private parties without formal appraisal, requiring only negotiation for the lowest possible price if not donated

Authorizes sale, lease, or transfer of acquired property to private developers for economic development without appraisal, advertisement, or public bidding, but requires fair value consideration

Allows the city to consider proposed use, restrictions, conditions, and economic development objectives when determining fair value for property disposition